Businesses typically act as both buyers and suppliers.Which of the following is true regarding the goal of a company as a supplier organization in an industry?
A)Buyer power and supplier power should be low.
B)Buyer power should be low and supplier power should be high.
C)Buyer power should be high and supplier power should be low.
D)Buyer power and supplier power should be high.

Question

Quizplus · Accepted Answer

Supplier power in the Five Forces Model is high when buyers have few choices from whom to buy,and low when their choices are many.Supplier power is the opposite of buyer power: As a supplier organization in an industry,you want buyer power to be low and your supplier power to be high.

Businesses Typically Act as Both Buyers and Suppliers